Forex Analysis for USD/CNH

  We talked a week ago about what experts from the world's leading banks and agencies think about the behavior of the EUR/USD pair in the coming 2022. And the fact that we paid attention to it in the first place is quite logical: after all, this pair is the most traded on the Forex market, and the ....

It is always interesting to know whose predictions came true and whose predictions did not. Exactly a year ago, we published forecasts given by experts from leading world banks regarding the EUR/USD rate for 2021, and now we can decide which of them was right and to what extent. Or, on the contrary....

31.03.2021AUDCAD, “Australian Dollar vs Canadian Dollar”AUDCAD is trading at 0.9588; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 0.9605 and then resume moving downwards to reac...

22.02.2021EURUSD, “Euro vs US Dollar”EURUSD is trading at 1.2119 above the Ichimoku Cloud, suggesting an uptrend. A test of the lower border of the Cloud at 1.2070 is expected, followed by growth to 1.2230. An additional signal confirming the growth will be a bounce off the lower border of the ascen...

The year-end is getting closer. What will 2021 bring us? Let’s find out what major banks expect! USD: down and down and down Most analysts predict the further falling of the US dollar during the next year. The consensus is the decline by 5-10% against most currencies. There are two main reasons for ...

What happened? China published the better-than-expected trade balance, signaling the country’s steady recovery. The trade surplus surged to 75.4 billion dollars, while the forecast was 53.8 billion dollars. It was the largest monthly increase in the whole history of China! The strong trade growth ca...

The highly-anticipated event – the US election is today! We already know that the outcome will affect the market, but what exactly do you need to do during that day? Let us introduce you to the trading tips for the upcoming election! Below, you can see several simple steps to consider before trading...

03.11.2020USDCNH, “US Dollar vs Chinese Yuan”USDCNH is trading at 6.6875; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s downside border at 6.6820 and then resume moving upwards to reach 6.7775. Anot...

27.10.2020NZDCHF, “New Zealand Dollar vs Swiss Franc”NZDCHF is trading at 0.6067; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6040 and then resume moving upwards to reach 0.6140...

The US-Chinese relationship has been tense amid Trump’s governance, but if Biden wins, the situation may change. Let’s find out what it means for the Chinese yuan. What happened? The presidential candidate Joe Biden claimed that current tariffs for Chinese goods are too high and need to be decreased...

USD/CNH has been steadily dipping, but downbeat China’s PPI and CPI limit the further falling. What happened? Chinese Producer and Consumer Price Indices came out worse than analysts anticipated: CPI rose by 1.7% vs. the forecast of 1.9%, whereas PPI contracted by 2.1% vs. the -1.9% expected. The Pe...

The risk-on sentiment started this week has moved potentially risky investments, such as emergency market currencies, the AUD, the NZD, and the CNH, higher against the American safe-haven – the US dollar. Currently, the Chinese yuan is focusing on the levels of spring 2019. Should we expect further ...

For Traders Forex Analysis Technical analysis 30.09.202016:39 Daily Video Analysis: USDCNH High Probability Setup Relevance up to 16:00 UTC+2 Today we take a look at USDCNH. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market struct...

For Traders Forex Analysis Technical analysis 30.09.202016:37 AUDJPY pulling back to the trendline, potential for a bounce ! Relevance up to 16:00 UTC+2 AUDJPY is pulling back to the ascending trendline and 1st support where the 61.8% fib retracement is.Price could bounce there to...

For Traders Forex Analysis Technical analysis 30.09.202016:36 EURUSD is facing bearish pressure, potential for drop! Relevance up to 16:00 UTC+2 Price is facing bearish pressure from our first resistance, in line with our 100% fibonacci extension, 50%, 78.6% fibonacci retracement...

The Chinese yuan gained after the better-than-expected data. Today early at the morning China’s Caixin Manufacturing PMI came out 53.1, beating estimates of 52.6. The optimistic numbers have proved that the world’s second largest economy is steadily recovering from the virus slump. Notably, the pair...

The pair has broken down two strong supports. What’s next? Fundamentals The US dollar is loosening against the Chinese yuan. There are some obvious reasons for that movement. The first reason is the weak US dollar as the USA is suffering from the record resurgence in new cases. Investors are questio...

China was the first country that entered the coronavirus crisis, that’s why it should be the first out. However, the recent resurgence of new infections in Beijing made some investors worry about the second round of downturn. Today new virus cases decreased sharply. Let’s see how economists changed ...

Below the surface Whenever there is a slightest wind blow in the economic environment, investors run for safety and end up with piles of the USD in hand. The world is used to perceive the US dollar as a universal safe haven and doesn’t seem to doubt the reliability of the American currency in this s...

Fundamentals Recently, the US announced that flights from China will be suspended starting June 16. This is another step down in the relations between the US and China, and the trend doesn’t seem optimistic currently. What are the implications for the USD/CNH? As the world’s reserve currency, the US...

Breaking it down Geographically, managing Hong-Kong is a sovereign matter of China. Historically, it became a global issue since the British Empire took over this important city in the XIX century. During the entire XX century, it has been in possession by the British under lease agreement serving t...

Currently, more and more analysts talk about the impact of the coronavirus on the financial markets. You saw such headlines as “coronavirus is pushing up gold and Japanese yen” or “Asian stocks are down due to the spread of the virus”. Have you thought why global markets react to the non-economic ev...

All eyes on December 15 December 15 is an important deadline: on this date, the US authorities scheduled to impose the new tariffs on Chinese goods. That is a major reason for the remaining global economic tension. Below we will examine why it is so, what the consequences for the global market are a...

Relevance up to 08:00 2019-11-30 UTC+1 Good morning everybody,Thanksgiving Day has passed and American futures are fractionally down since yesterday's shortened and low-volume session (-0.2 / 0.3% on average).We woke up with Germany's retail sales disappointing (0.8% ag 1.3% expected Y/Y, -1.9% m/....

Trade ideas  SELL 6.99; TP 6.96; SL 7.0050 SELL 6.9450; TP 6.9100; SL 6.9550 BUY 7.0350; TP 7.0800; SL 7.0250 USD/CNH has been steadily declining since the start of October on hopes that the United States and China would take steps towards some kind of a trade deal. As a result, the pair closed belo...

A trader always needs perspective. From time to time, it’s necessary to take a broad look at the market and outline the main events, trends, risks, and opportunities. In the article below, FBS analysts have gathered the key info about the main currency pairs. We hope that this analysis will make you...

The upcoming days are going to contain lots of important economic events. Let’s go through them together in order to prepare for profitable trading. RBNZ Official Cash Rate & Rate Statement When: Wednesday, June 26 Instruments to trade: NZD/USD, NZD/JPY, AUD/NZD According to the consensus forec...

“Those who speculate and short the yuan will for sure suffer heavy loss.” - said Xiao Yuanqi, the spokesman for China’s Banking and Insurance Regulatory Commission (CBIRC). Moreover, Mr. Yuanqi declared that higher US tariffs even if they reach the maximum level, will have a “very limited” impact on...

Trade idea BUY 6.9175; TP 6.9450; SL 6.9050 Monday greeted traders by the risk sentiment gone bad. Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development? Let’s have a look at USD/CNH. The pair formed a long lower wick on the W...

Source: BloombergThe breakthrough between the US and China this weekend has provided a substantial boost for China-related markets, with the likes of the yuan and Australian dollar faring particularly well in the FX space. The yuan in particular has been the best barometer of where markets thin...